Tony Roma's

Ribs, steak, seafood

About

Founded

1972

Franchising Since

1979 (40 Years)

Corporate Address

11315 Corporate Blvd., #100
Orlando, FL 33027

CEO

Brad Schear

Parent Company

Romacorp

Financial Requirements

Initial Investment ⓘ

$2,132,500 - $3,530,000

Net-worth Requirement ⓘ

$3,000,000

Liquid Cash Requirement ⓘ

$1,000,000

Ongoing Fees

Initial Franchise Fee ⓘ

$40,000 - $40,000

Ongoing Royalty Fee

Ad Royalty Fee

0.5%

Support Options

Ongoing Support

Newsletter

Meetings/Conventions

Grand Opening

Security/Safety Procedures

Field Operations

Franchisee Intranet Platform

Marketing Support

Email marketing

On-The-Job Training:

472 hours

Classroom Training:

21 hours

Absentee Ownership Allowed

Number of Employees Required to Run:

Bio

Tony Roma’s was founded in 1972 when chef David Smith and Tony Roma experimented with Smith’s secret barbecue sauce in a little restaurant called Tony Roma’s in North Miami, Florida. A hit with customers, the barbecue taste is now the trademark of the more than 225 Tony Roma’s locations across the world.

Franchising since 1979, Romacorp Inc. offers franchises for the traditional Tony Roma’s restaurants as well as a more casual concept called Tony Roma’s Rib Grills. The company is based in Dallas.

Cost

Initial Investment: Low - $2,132,500 High - $3,530,000

Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

Franchise Financing

Using 401(K)/IRA Funds

Tax Penalty-Free
Debt Free
Expert Guidance

Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 24th, 2019

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Tony Roma's Ribs, steak, seafood